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Thursday, 17 September 2015

20 %PAYMENT

How can we say anything on the amounts credited to the pensioners' bank a/cs unless LIC's calculations are made available for at least one pensioner?

Even companies crediting dividends/ interest to bank a/cs give separate details of the basis, but LIC's payments to pensioners' bank a/cs are not backed by calculation sheets.

The concerned pensioners will have to demand the calculation sheets.How do the pensioners know otherwise that LIC has complied with the SC order?

Kind regards.

C H Mahadevan